While Lightspeed Commerce Inc has overperformed by 1.03%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, LSPD fell by -9.04%, with highs and lows ranging from $21.71 to $12.23, whereas the simple moving average fell by -14.61% in the last 200 days.
On February 09, 2024, TD Securities Downgraded Lightspeed Commerce Inc (NYSE: LSPD) to Hold. A report published by BTIG Research on December 28, 2023, Reiterated its previous ‘Buy’ rating for LSPD. JP Morgan also Upgraded LSPD shares as ‘Neutral’, setting a target price of $19 on the company’s shares in a report dated December 18, 2023. Redburn Atlantic Initiated an Neutral rating on December 06, 2023, and assigned a price target of $17. Wells Fargo initiated its ‘Equal Weight’ rating for LSPD, as published in its report on October 31, 2023. UBS’s report from October 20, 2023 suggests a price prediction of $16 for LSPD shares, giving the stock a ‘Neutral’ rating. BTIG Research also rated the stock as ‘Buy’.
Analysis of Lightspeed Commerce Inc (LSPD)
Further, the quarter-over-quarter increase in sales is 27.03%, showing a positive trend in the upcoming months.
In order to gain a clear picture of Lightspeed Commerce Inc’s future performance, a variety of well-rounded analysis and research techniques can be applied, with equity being the most critical. The goal here is to ensure that your current return on equity of -8.28% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 5.99, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
An average volume of 1.46M can be a very valuable indicator of volatility for LSPD stock. On a monthly basis, the volatility of the stock is set at 4.93%, whereas on a weekly basis, it is put at 3.74%, with a gain of 0.66% over the past seven days. Furthermore, long-term investors anticipate a median target price of $19.50, showing growth from the present price of $13.68, which can serve as yet another indication of whether LSPD is worth investing in or should be passed over.
How Do You Analyze Lightspeed Commerce Inc Shares?
In addition to the fundamentals, you should also consider how many employees own shares in the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 10.81%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 61.82% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
LSPD shares are owned by institutional investors to the tune of 61.82% at present.
